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No proposal to recognise bitcoin, crypto as legal currency: FinMin

01:10 PM Nov 29, 2021 | FPJ Web Desk

The government has clarified that it is has no proposal to recognise cryptocoins in a written reply to Lok Sabha. It also said it does not collect data on Bitcoin transactions.

The Crypto Bill is one of the many items on the list of bills to be introduced in Parliament during the Winter Session.

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The Government has received a proposal from Reserve Bank of India in October, 2021 for amendment to the Reserve Bank of India Act, 1934 to enhance the scope of the definition of ‘bank note’ to include currency in digital form.

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